1525 Francisco Blvd E - Office FOR SALE
San Rafael, CA 94901 |
$1,765,000 USD
415-531-2815
1525 Francisco Blvd E
San Rafael, CA 94901
HIGHLIGHTS
- Owner has invested over $200,000 in tenant improvements and upgrades.
- Owners Association is responsible for roof, exterior paint, landscape, parking lot, insurance, water and refuse
- There are 55 parking spaces, including two handicapped ones. 16 parking spaces are unreserved and go with the 8 units.
- Allows for Cannabis testing/lab, delivery, manufacturing, and distribution. It houses two of only five San Rafael licensed delivery services.
- Property is in the AE flood zone (1%).
OVERVIEW
100% LEASED INVESTMENT OPPORTUNITY - 6 LEASES IN PLACE The property consists of 8 commercial office condominiums, four on each floor, located at the front of 1525 Francisco Boulevard E., San Rafael. Per the condominium plat map, the size of each floor is ±2,574.69 SF or ± 5,149.28 SF total. The second floor is accessed by stairs on either side of the building and has an access deck in front for the offices. In addition, there are four individual storage closets adjoining the units.
FOR SALE DETAILS
PRICE
$1,765,000 USD
PRICE/SF
$343 USD /SF
CAP RATE
7.49%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Office
TOTAL BUILDING SIZE
-
STORIES
2
BUILDING CLASS
C
YEAR BUILT
1980
SPRINKLERS
-
PARKING SPACES
55
LAND DETAILS
LAND ACRES
1.26 AC
LAND SF
54,886 SF
ZONING
LI/O
APN/PARCEL ID
009-310-01,009-310-02,009-310-03,009-310-04,009-310-05,009-310-06,009-310-07,009-310-08
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
415-531-2815
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
Please correct the highlighted field(s).
415-531-2815
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
